Will It Take Pump and Dump To The Next Level?
Do people quickly forget what just happened? We know about meme coins and what a great shitshow it shows in the crypto market. One tweet drops and the price goes up to the sky. It is as if there is no turning back and it will hit the moon. Then start a new journey to the mars.
We see stories like becoming millionaires by putting all their money in the meme coins. Maybe it inspires other people to do the same. Probably we have no idea about how many people get rekt by following dreams to get rich quickly.
LUNA is a history. Wait a minute, it seems it is rising from history. By the way, that's a 1-minute chart to get a closer look. If you move to the higher time frame, that's a different story you can see that you have been hearing for a couple of days.
It is not fun to see how people lose their hard-earned money. I heard some people did extreme things and took their lives after losing everything in LUNA.
When a cryptocurrency makes its position on the top 10 list, people usually trust that. It is assumed that something big going on behind the scene of the project that can become the future. People jump into that crypto and hope to make a fortune.
When everything collapses and turns into ashes, it is clear that you cannot trust a crypto project only for being one of the top 10 position holders. After LUNA's price turned to $0, it seems this is over. People will move on and go ahead. Binance delisted LUNA, so you cannot trade over there anymore.
Then what just happened? You see you can trade LUNA again on Binance and it is relisted again. A huge percentage gain shows in a short period of time. The price is going up and up. You might get into FOMO, and put your money in LUNA again.
Do Kwon made an announcement of the Terra ecosystem revival plan, and the show begins. That's why you see some price movement in LUNA. Again due to FOMO, people put their money into LUNA and wish to get a huge gain so that becoming a millionaire dreams come true.
Well, this is your life, your money, and the responsibility is yours. Hope we will not fall into the same trap, feel bad and move into the depressed mode.
So what do you think? Please feel free to leave your comments. Thank you for reading this post. That's it for now. I'll be back with another post.
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Hi, I am Rezoanul Vibes. I'm a content creator and passionate learner. I write about lifestyle, finance, martial arts, and digital marketing. I'm glad to meet amazing people all over the world.
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Posted Using LeoFinance Beta
I think it will pump. But it will definitely dump. Or everyone becomes millionaires except me. Who knows lol
Posted Using LeoFinance Beta
You're not alone, count me in lol...
Posted Using LeoFinance Beta
I don't want to touch LUNA at all and I think it will take years to recover. The loss of trust doesn't make things better and I have yet to see what he really wants to change besides changing the token.
Posted Using LeoFinance Beta
I agree with you. Once people lose their trust in a project, that will have a hard time standing up. After announcement of the Terra ecosystem revival plan, some people started buying LUNA. Scary!!!
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